Australia And Its Tourism Industry Falls Among The Most Vital Industries Of The Australian Economy

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Introduction
Australia is rich in scenic beauty and its tourism industry falls among the most vital industries in the Australian economy. From 2013-2014 it contributed about $43 billion to the country’s Gross Domestic Product. According to 2010-2011 reports 513,700 people were employed in tourism. With a 92% return on investment for government spending– it offers higher returns than Australia’s leading industries such as mining, meat and agriculture. Since the last 12 months, tourism has been made a national investment priority. By reducing investment barriers at the state and national level the government aims to increase tourism expenditure to up to $140 million in 2020. Recent breakthroughs in government support mean all the state governments are now working to facilitate the industry by streamlining environmental protection compliance procedures. (Tourism Investment and Regulatory Reform Report Card, 2012). It also helps to improve significant economic infrastructure like airports, roads and hotels. Not only does it provide a boost to all industries in general, it also allows the support industries associated with tourism to expand and develop in accordance with the needs of the tourism industry.

Table of Contents

Introduction 1
Table of Contents 2
Current Landscape 3
History 3
Recent reforms 5
Conclusion and recommendations 6
Reference List 7

Current Landscape
About 280,000 businesses make up the Australian tourist industry. These provide facilities

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